Profits soar at Eddie Hobbs firm as directors take hefty pay cut

A hefty cut to directors’ pay contributed to pre-tax profits at the financial services firm co-owned by Eddie Hobbs increasing by more from than 11-fold to €73,425 last year.

New accounts filed by the well-known financial adviser’s Hobbs Financial Practice Ltd show that the firm recorded the large hike in profits after directors’ pay was reduced by 32% from €458,971 to €313,704.